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There are two primary methods or bill organization; manual and systemization. There are benefits and disadvantages of both methods for how to organize bills. While you can certainly develop a manual system to collect, pay and track your bills, most individuals find tremendous advantages with a bill organizer system.
Set Up a Sinking Fund. Youâll need to figure out what you want the fund to do. Weâll use a utility sinking fund for this example. The fund will hold the money for our cable/internet, electricity, household gas, water, and cell phones. The simplest way to start is to gather the cable/internet and cell phone bills.